Is 60458, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 60458 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 60458 has remained a Seller's Market.

Key Takeaway

60458 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 60458, IL

How much do homes in 60458, IL cost?

Median Sold Price

$261,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$6,500(+2.5%)

Key Takeaway

Homes in 60458 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 60458 was $261,500 in April 2024, up 2.5% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $104K$125K
+20.2%
2 $206K$194.9K
-5.4%
3 $274K$282.5K
+3.1%
4 $305K$395K
+29.5%
5+ $370K$455K
+23.0%

Summary: 60458 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Zip Codes

60457
+19.3%
60501
+9.2%
60525
+6.9%
60455
+6.3%
60458
+2.5%

Housing Supply in 60458, IL

How many homes are available in 60458, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2935+20.7%

Summary: The 60458 real estate market had 35 homes for sale in April 2024, a 20.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 1517
+13.3%
4 67
+16.7%
5+ 12
+100.0%

Summary: The 60458 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 60458, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 60458 in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 60458, IL

How long does it take to sell a home in 60458, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
18 Days13 Days-26.0%

Summary: Homes in 60458 had an average of 13 days on market in Apr 2024, down by 26% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 60458 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 10 homes were sold in 60458; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 60458, IL

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